Apple Looking to Finance Movies With Oscar-Winning Potential to Boost Its Streaming Service

Apple, already one of the highest-valued and most rewarding companies worldwide, owes much of its success to its flourishing hardware service. However, the business has for long now shown that it sees services as the path forward. These services consist of Apple TV+, which was revealed earlier this year to rival Netflix and Amazon Prime Video. According to a new report, Apple is wanting to improve the content brochure of this brand-new streaming service by financing motion pictures with Oscar-winning capacity.

A report by the New York Post suggests that Apple remains in talks with numerous directors and film talent to fund films that have Oscar-winning capacity. The Academy Awards, commonly called the Oscars, are thought about the most distinguished awards for movie theater, and attract a great deal of attention all over the world. By bankrolling films that could possibly win an Oscar, Apple would naturally acquire exclusive streaming rights for those films.

According to the report, Apple is looking for six small-budget movies that can be made with a budget plan of $5 million to $30 million per job.

This might be used to enhance the material library of its upcoming streaming service – Apple TV+ – which is set to be introduced later on this year. Having exclusive access to films considered to be the best of the year would naturally be a substantial boost for the streaming service. The strategy resembles that of Netflix, which won big at the 2019 Academy Awards with Roma.

Streaming services such as Netflix and Amazon Prime Video have gotten paying users by using a wide range of initial material, as well as quality content for which the services have special streaming rights. These deals have assisted keep users on the platforms, and Apple will want to follow a similar method. While the Cupertino-based company has actually currently announced a lot of original material timed around its launch, deals such as these show that Apple is looking ahead too.